NEC Partnership Westwood, MA 02090 October 13, 2005
Exhibit
10.9
NEC
Partnership
000
Xxxx
Xxxxxx
Xxxxxxxx,
XX 00000
October
13, 2005
Xxxxxxx
Xxxxxxxxxx, CEO
Integrated
Pharmaceuticals, Inc.
000
Xxxxxxxxx Xxxxx
Xxxxxxxxx,
XX 00000
Re:
|
Amendment
to First Amendment and Restated Patent License Agreement (the
“License”)
|
Dear
Xx.
Xxxxxxxxxx:
On
behalf
of NEC Partnership, the Licensor under the above-referenced License, we hereby
agree to modify section 5.4 of the License:
1.
|
by
waiving any right to royalties in any year in which the sales of
Licensed
Products is less than $5 million; and
|
|
2.
|
by
waiving any right to royalties in any year in which the EBITDA
of the
Company from the sale of Licensed Products is less than 12.5% of
the
Company’s revenues from the sale of Licensed
Products.
|
To
indicate the acceptance of Integrated Pharmaceuticals Inc. to these revised
terms, please sign the acceptance line below.
Very
truly yours,
NEC
PARTNERSHIP
/s/
Xxxxxx X. Furtado____
Xxxxxx
X.
Xxxxxxx, Partner
ACCEPTED
AND AGREED:
INTEGRATED
PHARMACEUTICALS, INC.
/s/
Xxxxxxx Chatterjee____
By:
Xxxxxxx Xxxxxxxxxx
Its:
CEO